The VIX came within .06 of firing a second signal today. This does not mean that if it had done that, there would be a much greater chance of a correction… it’s just sticking with the rules and trading by them. No Warning yet means remain cautious but continue the #SPXcampaign as normal… sell both call and put spreads, roll if stops are hit, and close for 80-90% of max profit.
Daily Archives: Tuesday, October 11, 2016
SPX condor roll sold
#SPXcampaign #CondorRoll
Sold to Open $SPX Nov 11th 1900/1925/2225/2250 iron condors for 2.00. This is a roll from earlier stopped spread, at 1.5x position size.
SVXY Sold Nov. 11 60…
SVXY
Sold Nov. 11 60 put for 2.00
UVXY Whaddya think about this?
Didn’t do it but seemed interesting for a cash secured account. Long term practically guaranteeing 30 percent annualized….
Sell Jan 2018 5/10 Bear call spreads @ 1.40.
Figure there’s got to be a split or two between now and then so probably could close early….
$SPX iron condor
Went a little further out to Nov 25 at 44 DTE, but premium is pretty juicy today.
STO Nov 25 2230/2220/1980/1970 @ 2.25
Will look to manage at 60% max profit as usual.
Playing the original Iceman #VXXGame…
Playing the original Iceman #VXXGame
Sold $UVXY Jan 19 2018 60 call @ 6.20. Will look to add if and when the premium goes up by $1 or if higher strikes get added.
SPX puts stopped
#SPXcampaign This one hit the 3.00 stop level: Bought to close $SPX Nov 4th 2050/2025 put spreads for 2.80. Sold last Friday for 1.85. Will look to roll today or tomorrow.
DAL Double Calendar
BTO Oct 14/Oct 21 DAL 37.5 P & 40 C for $0.37 pp.
This is a double Calendar 
$UVXY #ShortCalls – as the…
$UVXY #ShortCalls – as the stock punched through 17 I sold the following:
Sold UVXY Oct 14 2016 21.5 Calls @ 0.24 – these expire Friday
Sold UVXY Oct 14 2016 22.5 Calls @ 0.18 – these expire Friday
Sold UVXY Oct 21 2016 30.0 Calls @ 0.18
Sold UVXY Oct 28 2016 40.0 Calls @ 0.14
Sold UVXY Nov 4 2016 35 Calls @ 0.39
EWW first time ever
Been watching this for awhile and have been wanting to do something in it. Just missed selling puts on it before the first debate so trying something different.
Sold EWW NOV 18 2016 46.0/54.0 Strangles @ 1.32
VIX call spreads
Trying something a little different….
Sold VIX DEC 21 2016 20.0/25.0 Bear call spreads @ .80
$SVXY STC Oct 17 $75C…
$SVXY BTC Oct 17 $75C for 0.90, sold 10/6 for 1.90
edit BTC, not STC
$UVXY STC Oct 14 $18.5P…
$UVXY BTC Oct 14 $18.5P for 2.10, sold 9/29 for 3.06
also BTC Oct 14 $15.5P for 0.40, sold yesterday 0.95
edit STC, thanks Jeff.
SVXY
STO March 2018, 40 puts @2.55
/ES hedge adjustment
Sure looks like some technical damage today. Rolling my covered put out and down for a nice credit. Selling it about where the descending 20ma could be when we bounce. Raising basis AND increasing downside profit potential. Still have the option of rolling the put up for additional credit on any rally.
Bought to close /ES OCT 16 (Wk3) 2155 PUT @ 34.50
Sold /ES NOV 16 (Wk3) 2140 PUT @ 44.50
The short emini basis is now up to 2189.0 after selling some earlier weekly puts against it. That’s the new breakeven against the new 2140 put so max gain is now up to 49 points to the downside.
UVXY calls
Sold $UVXY Oct 21 27 calls @ .20
#VXXGame – $VIX is up…
#VXXGame – $VIX is up 2 points and $UVXY is up 10%. That is when I start putting in sell orders …..
UVXY risk management
These aren’t getting hit too bad today but another down day tomorrow and volatility could really get cranking again. Gonna book these just because it seems like the right thing to do…LOL
Bought to Close UVXY OCT 21 2016 25.0/35.0 Bear calls spreads @ .19 (sold for 1.65)
$UVXY
STO Oct 28 $27 calls @ $0.40
UVXY call spreads
Replacing some I closed yesterday…starter position:
Sold UVXY JAN 20 2017 25.0/35.0 Bear call spreads @ 1.00
DUST…joining in
TDA has removed this ticker from portfolio margin calculations so naked is way too risky for me now. I’ll spread it and give it plenty of time…and staying small enough to be able to widen and add for a credit roll if this thing gets way in the money.
Sold DUST DEC 16 2016 60.0/70.0 Bear call spreads @ 2.05
$UVXY
Nibbled,
STO Oct 28 $25 calls @ $0.50
STO Oct 21 $22 calls @ $0.45
GLD adjustment
Current position was 123 Oct monthly short straddles @ 2.48 (this was previously adjusted from a strangle). Making some small moves on it today to collect more premium.
Rolled 123 puts out to Nov 122 @ .12 credit
Rolled 123 calls down to 120 @ .83 credit (staying in Oct)
SVXY puts
Bought to Close SVXY OCT 21 2016 50.0 Put @ .15 (sold for 2.50)
Bought to Close SVXY OCT 21 2016 55.0 Put @ .25 (sold for 2.50)
Then:
Sold SVXY NOV 18 2016 50.0 Put @ .80
Sold SVXY NOV 18 2016 55.0 Put @ 1.40
IBB puts
In the #IRA ….selling at the 200ma and lower:
Sold IBB Nov 18 2016 270.0 Put @ 6.50
Sold IBB Dec 16 2016 260.0 Put @ 6.40
Sold IBB Jan 20 2017 250.0 Put @ 6.60
Closing VRTX
Bought to close $VRTX Oct 21 75 puts @ .45. Sold for 1.30 on 9/14. With the stock in a pronounced downtrend I figured I’d take the 65% of max profit off the table instead of waiting around to see if it keeps going to test the strike price.
$SVXY
Sold 1 Oct 28th 60 Put @ 0.70 when SVXY hit $73.04 while I was out walking the pupster.
Adding DUST calls
Sold $DUST Nov 4 70 calls @ 2.00
SPX put spreads sold
STO Nov 11 1990/1965 puts @ 1.40 when SPX @ 2148
FB covered puts
#ShortStock #CoveredPuts #Earnings #Rolling some $FB positions…
BTC FB Oct 14th 125 put for .07. Sold for 1.10 on Sept 16th.
BTC FB Dec 90 put for .11. Sold for 2.68 on June 15th.
STO FB Oct 28th 127 put for 1.11
$DUST STO Oct 14 $50…
$DUST STO Oct 14 $50 call for $2.60 half an hour ago, covered.
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Oct 14 2016 61.0 Calls @ 0.40. These expire in 4 days
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2230/2255 call spreads for .20. Sold for 1.30 on Sept 27th.
DUST call
#ContangoETFs Sold to Open $DUST Oct 14th 55 call for 1.25. Expires this Friday.
DUST calls
Sold $DUST Nov 18 70 calls @ 3.20. Highest strike in Nov.
$BMY #ShortPuts #FallingKnife – Sold…
$BMY #ShortPuts #FallingKnife – Sold BMY Nov 11 2016 45.0 Puts @ 0.39.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 11th 2000/1975 put spreads for 1.30, with SPX at 2156.
SPX calls closed
#SPXcampaign In Pre-Market, bought to close $SPX Oct 14th 2185/2210 call spreads for .80. Sold for 7.60 on Sept 28th. I’m nearing the end of my ITM rolling, recouping all losses from a few spreads that went completely ITM over the summer.
Options Bistro 